Showing posts with label Electricity. Show all posts
Showing posts with label Electricity. Show all posts
Tuesday, March 27, 2012
Monday, October 17, 2011
Assembly Approves Payment Guarantee for Power Plant
In the session on Monday, some opposition lawmakers disagreed with the plan.
Monday, 17 October 2011
Chun Sakada, VOA Khmer | Phnom Penh
Monday, 17 October 2011
Chun Sakada, VOA Khmer | Phnom Penh
Son Chhay, a lawmaker for the Sam Rainsy Party, said the deal could saddle the government with high electricity costs, or leave it open to pay even if “political crisis” somehow shut down the plant.
The National Assembly on Monday approved a government payment guarantee to a power company planning to build a coal-fired plant in Preah Sihanouk province.
The guarantee obliges the government to pay the Cambodia International Investment Development Group, which is owned by ruling party senator Lao Meng Khin, in case the state-owned Electrucite du Cambodge, fails to pay them for their power.
The development company plans to build a $181 million plant capable of producing 135 megawatts of electricity in Preah Sihanouk.
In the session on Monday, some opposition lawmakers disagreed with the plan.
Monday, September 20, 2010
Cambodia promises more electricity by 2013 [-Another empty promise from Hun Xen?]
Monday, 20 Sep 2010
AP
AP
PHNOM PENH, Cambodia - Cambodia's prime minister said Monday that nearly all of the impoverished country's 14 million people will have access to electricity by 2013.
By 2009, only about 25 percent of the population had regular access to electricity, and prices remain among the highest in the world.
"After 2013, the supply of electricity might not be enough for all people, but almost all will have access to electricity," Prime Minister Hun Sen said while inaugurating a bridge on the outskirts of the capital, Phnom Penh.
He did not say what percentage of Cambodians would have access to electricity by 2013 nor elaborate on how he would achieve the goal.
The Southeast Asian nation's power plants use mostly fossil fuels, and the country also buys electricity from neighboring Vietnam and Thailand.
Hun Sen praised Chinese companies and Cambodian tycoons, saying they have invested hundreds of millions of dollars into coal power plants and hydroelectric dams.
The government has identified 21 potential hydroelectric dam sites across the country.
In a 2008 report, the U.S.-based International Rivers Network said "poorly conceived hydropower development could irreparably damage" Cambodia's environment and also extract a social cost.
By 2009, only about 25 percent of the population had regular access to electricity, and prices remain among the highest in the world.
"After 2013, the supply of electricity might not be enough for all people, but almost all will have access to electricity," Prime Minister Hun Sen said while inaugurating a bridge on the outskirts of the capital, Phnom Penh.
He did not say what percentage of Cambodians would have access to electricity by 2013 nor elaborate on how he would achieve the goal.
The Southeast Asian nation's power plants use mostly fossil fuels, and the country also buys electricity from neighboring Vietnam and Thailand.
Hun Sen praised Chinese companies and Cambodian tycoons, saying they have invested hundreds of millions of dollars into coal power plants and hydroelectric dams.
The government has identified 21 potential hydroelectric dam sites across the country.
In a 2008 report, the U.S.-based International Rivers Network said "poorly conceived hydropower development could irreparably damage" Cambodia's environment and also extract a social cost.
Thursday, January 21, 2010
Leader to start power project in Cambodia
Thursday January 21, 2010
By DAVID TAN
The Star (Malaysia)
By DAVID TAN
The Star (Malaysia)
GEORGE TOWN: Leader Universal Holdings Bhd will embark on a US$107mil power transmission project in Cambodia next month, said group managing director Datuk Sean H’ng Chun Hsiang.
He told StarBiz that construction work for the first phase of the project would kick off immediately after Chinese New Year.
Leader, through its subsidiary Cambodian Transmission Ltd, inked the deal for the project with state-owned power company Electricite du Cambodge (EDC) yesterday, which commissioned the group to build a 230-kv power transmission system from North Phnom Penh to Kampong Cham on a build-operate-transfer basis.
Datuk Sean H’ng Chung Hsiang ... ‘Bank loans are now in place.’
Under the agreement, Leader will build, manage and maintain the transmission line for 25 years before returning it to the government.
“Under the agreement, Leader will build two substations and a power transmission line in three phases,” H’ng said.
He said the first phase, involving the construction of a substation in Kampong Cham, was scheduled for completion in July 2011 while the construction of the North Phnom Penh substation under the second phase was slated to be completed by March 2012.
“The final phase, which involves the commissioning of the 110-km transmission line from the North Phnom Penh substation to the Kampong Cham substation, will be completed in December 2013,” he said.
Leader would fund the project with internally generated funds and bank borrowings, he said, adding that the bank loans “are now in place.”
The master plan for power generation in Cambodia allowed a four-fold increase in installed capacity over the next five years, according to H’ng.
“The forecast for the power load in Cambodia is that it will grow to 2,315MW in 2024 from 740MW in 2010, which is a more than a three-fold increase within 14 years, growing at a 8.5% per year growth rate,” he said.
On Leader’s 100MW coal-fired power project in Sihanoukville, H’ng said the project should be operational in 2012.
“We have a 30-year build-own-operate concession to supply electricity to EDC,” he said.
He told StarBiz that construction work for the first phase of the project would kick off immediately after Chinese New Year.
Leader, through its subsidiary Cambodian Transmission Ltd, inked the deal for the project with state-owned power company Electricite du Cambodge (EDC) yesterday, which commissioned the group to build a 230-kv power transmission system from North Phnom Penh to Kampong Cham on a build-operate-transfer basis.
Datuk Sean H’ng Chung Hsiang ... ‘Bank loans are now in place.’
Under the agreement, Leader will build, manage and maintain the transmission line for 25 years before returning it to the government.
“Under the agreement, Leader will build two substations and a power transmission line in three phases,” H’ng said.
He said the first phase, involving the construction of a substation in Kampong Cham, was scheduled for completion in July 2011 while the construction of the North Phnom Penh substation under the second phase was slated to be completed by March 2012.
“The final phase, which involves the commissioning of the 110-km transmission line from the North Phnom Penh substation to the Kampong Cham substation, will be completed in December 2013,” he said.
Leader would fund the project with internally generated funds and bank borrowings, he said, adding that the bank loans “are now in place.”
The master plan for power generation in Cambodia allowed a four-fold increase in installed capacity over the next five years, according to H’ng.
“The forecast for the power load in Cambodia is that it will grow to 2,315MW in 2024 from 740MW in 2010, which is a more than a three-fold increase within 14 years, growing at a 8.5% per year growth rate,” he said.
On Leader’s 100MW coal-fired power project in Sihanoukville, H’ng said the project should be operational in 2012.
“We have a 30-year build-own-operate concession to supply electricity to EDC,” he said.
Wednesday, December 02, 2009
[Canadian company] SNC-Lavalin to build energy management system for Cambodia
December 1, 2009
The Gazette (Montreal, Quebec, Canada)
The Gazette (Montreal, Quebec, Canada)
Montreal-based engineering giant SNC-Lavalin Group Inc. said Tuesday it will design and build a $5 million energy management system for Cambodia's National Control Centre.
The high-tech system will manage all of Cambodia's electric transmission network and help to provide power to much of the country's rural population. It will come on stream in mid-2011.
The project will have strong local input, said SNC-Lavalin.
The high-tech system will manage all of Cambodia's electric transmission network and help to provide power to much of the country's rural population. It will come on stream in mid-2011.
The project will have strong local input, said SNC-Lavalin.
Friday, August 03, 2007
Cambodia is held hostage by Thailand because of border disputes
August 03, 2007
Border issues stall ADB Thai electricity project
Border issues stall ADB Thai electricity project
An Asian Development Bank (ADB) funded plan to supply Thai electricity through Banteay Meanchey province's Poipet commune to Siem Reap province has reportedly stalled, with an Electricity du Cambodge (EDC) official citing a border demarcation dispute as the cause, Cambodian-language newspaper the Koh Santepheap reported on Friday.
Electricity poles along National Road 6 from Siem Reap to the Poipet border crossing have already been planted, "but we have not connected to the Thai electric power network yet," said Sem Korsen, Siem Reap Provincial Electricity Director.
Sem Korsen failed to disclose the specific causes of the negative results, just saying it is a top level issue.
Meanwhile, EDC Distribution Director Chea Sinhel told the paper that the problem is at a national level.
"This is a political issue between the countries. It is related to the border issue (white area), which has not been resolved," Sinhel said, adding that "this is the reason electric polls cannot be constructed through the border to connect with Thai electricity network."
Last week, Cambodian journalists who attended a forum in Thailand's Sraskeo province's Aranh district asked Thai government advisors about the issue but they just responded that it would be discussed with their government.
No source has so far been able to advise when the network will come online, while Siem Reap residents are complaining of high costs and frequent outages.
The Asian Development Bank has lent 8 million U.S. dollars to Cambodia to establish the grid to deal with power shortages in the northwestern provinces of the country in bid to boost the growth of tourism, agriculture and industry.
Source: Xinhua
Electricity poles along National Road 6 from Siem Reap to the Poipet border crossing have already been planted, "but we have not connected to the Thai electric power network yet," said Sem Korsen, Siem Reap Provincial Electricity Director.
Sem Korsen failed to disclose the specific causes of the negative results, just saying it is a top level issue.
Meanwhile, EDC Distribution Director Chea Sinhel told the paper that the problem is at a national level.
"This is a political issue between the countries. It is related to the border issue (white area), which has not been resolved," Sinhel said, adding that "this is the reason electric polls cannot be constructed through the border to connect with Thai electricity network."
Last week, Cambodian journalists who attended a forum in Thailand's Sraskeo province's Aranh district asked Thai government advisors about the issue but they just responded that it would be discussed with their government.
No source has so far been able to advise when the network will come online, while Siem Reap residents are complaining of high costs and frequent outages.
The Asian Development Bank has lent 8 million U.S. dollars to Cambodia to establish the grid to deal with power shortages in the northwestern provinces of the country in bid to boost the growth of tourism, agriculture and industry.
Source: Xinhua
Friday, June 29, 2007
ADB helps wire Northwest Cambodia
2007-06-29
Infrasite News (Netherland)
Infrasite News (Netherland)
Manila, Philippines - A major electricity shortage in northwest Cambodia, including around the tourism hub of Siem Reap, is being fixed with the help of an $8 million loan from the Asian Development Bank to build power lines that will import electricity from neighboring Thailand.
The development will be a boost for the regional economy, not just in tourism but also in agriculture, mining and manufacturing. As demand for power grows, it will also reduce emissions as businesses will not have to invest in new diesel-powered electrical generators.
“This will give the region access to cheaper electricity and a reliable supply,” said Tomas A. Norton de Matos, a Senior Structured Finance Specialist with ADB. “It is also promoting regional cooperation because the electricity will be supplied by Thailand. We worked closely with ThaiExim Bank to enable this project, which also includes trade in Thai equipment and services, to proceed.”
ADB’s Board of Directors agreed on June 27 2007 to loan the money to the (Cambodia) Power Transmission Lines Co. Ltd, a private Cambodian company. The high-voltage grid lines will be the first to be privately owned in the Greater Mekong Subregion. It is the first ADB private sector infrastructure project in Cambodia.
“We are pleased to be investing in Cambodia’s critical transmission infrastructure and to have worked closely with Cambodian and Thailand authorities, and all our partners, in this respect,” said Ly Say Khieng, Chairman and CEO of the company.
Northwest Cambodia, like the rest of the country, suffers from insufficient and unreliable power. There is no national grid and electricity is generated almost exclusively by small diesel plants that generate emissions. This hinders Cambodia’s ability to attract investment and promote sustainable economic activities, which are critical to reducing poverty.
Electricity in Cambodia is among the most expensive in the region because of the disaggregated and isolated small-scale systems.
Siem Reap is home to the famed Angkor Wat temples and is an important and growing tourism center. Many hotels in the area rely on their own power generators. There are similar power shortages in neighboring Battambang, an important agricultural center, and Banteay Meanchey, which supports manufacturing and trading activities.
The 115kV power lines will connect with Thailand’s national grid at the border. They will then run about 221 kilometers mainly alongside National Road 5 and National Road 6 to Siem Reap and Battambang. In addition to connecting the major towns, the new lines will provide opportunities to wire rural communities along the route for electricity.
Work on the project has already started and the first section to Siem Reap is expected to be completed this month or next. The second section to Battambang is scheduled to be completed a couple of months later.
ADB’s $8 million loan will go toward the estimated $32 million total project cost. The balance of funding is being provided through equity, as well as loans from the Export-Import Bank of Thailand and local Cambodian banks.
The development will be a boost for the regional economy, not just in tourism but also in agriculture, mining and manufacturing. As demand for power grows, it will also reduce emissions as businesses will not have to invest in new diesel-powered electrical generators.
“This will give the region access to cheaper electricity and a reliable supply,” said Tomas A. Norton de Matos, a Senior Structured Finance Specialist with ADB. “It is also promoting regional cooperation because the electricity will be supplied by Thailand. We worked closely with ThaiExim Bank to enable this project, which also includes trade in Thai equipment and services, to proceed.”
ADB’s Board of Directors agreed on June 27 2007 to loan the money to the (Cambodia) Power Transmission Lines Co. Ltd, a private Cambodian company. The high-voltage grid lines will be the first to be privately owned in the Greater Mekong Subregion. It is the first ADB private sector infrastructure project in Cambodia.
“We are pleased to be investing in Cambodia’s critical transmission infrastructure and to have worked closely with Cambodian and Thailand authorities, and all our partners, in this respect,” said Ly Say Khieng, Chairman and CEO of the company.
Northwest Cambodia, like the rest of the country, suffers from insufficient and unreliable power. There is no national grid and electricity is generated almost exclusively by small diesel plants that generate emissions. This hinders Cambodia’s ability to attract investment and promote sustainable economic activities, which are critical to reducing poverty.
Electricity in Cambodia is among the most expensive in the region because of the disaggregated and isolated small-scale systems.
Siem Reap is home to the famed Angkor Wat temples and is an important and growing tourism center. Many hotels in the area rely on their own power generators. There are similar power shortages in neighboring Battambang, an important agricultural center, and Banteay Meanchey, which supports manufacturing and trading activities.
The 115kV power lines will connect with Thailand’s national grid at the border. They will then run about 221 kilometers mainly alongside National Road 5 and National Road 6 to Siem Reap and Battambang. In addition to connecting the major towns, the new lines will provide opportunities to wire rural communities along the route for electricity.
Work on the project has already started and the first section to Siem Reap is expected to be completed this month or next. The second section to Battambang is scheduled to be completed a couple of months later.
ADB’s $8 million loan will go toward the estimated $32 million total project cost. The balance of funding is being provided through equity, as well as loans from the Export-Import Bank of Thailand and local Cambodian banks.
Friday, June 15, 2007
Electricite du Cambodge (EdC) to cut down power consumption for large clients
Friday, June 15, 2007
Everyday.com.kh
Translated from Khmer by Socheata
Everyday.com.kh
Translated from Khmer by Socheata
Electricite du Cambodge (EdC) plans to cut down power for large businesses in order to reduce the shortage of electricity for housing residents who have grown by 180,000 now. Chheung Ung, EdC director, told the Rasmei Kampuchea newspaper on 14 June that in order to reduce electricity shortage for housing residents, EdC plans to cut down power to a number of large businesses and industries, because these businesses already have their own power generators. EdC director said that the power will not be completely cut down. Chheung Ung also said the power consumption of a factory is equivalent to that used by 5,000 to 10,000 housing residents. Therefore, a power cut to factories could provide enough electricity for tens of thousands of other people.
Wednesday, June 06, 2007
World Bank grants Cambodia, Laos $33.5 mil. for electricity programs
Wednesday June 6, 2007
(Kyodo) - The World Bank said Wednesday it will grant $33.5 million for improving power supplies in Cambodia and Laos.
"People living in Cambodia's poorest provinces, who currently pay among the highest tariffs for electricity in the world, will see their power bills drop dramatically as a result of grants approved today by the International Development Association," the World Bank said in a statement released in Phnom Penh.
The grants are part of the World Bank's Greater Mekong Sub-region Power Trade Program that links Thailand, Cambodia, Laos and Vietnam in the project.
"A grant of $18.5 million to the Kingdom of Cambodia will be used to construct cross-border transmission lines to neighboring Lao PDR (People's Democratic Republic) and Vietnam," it said.
"Another $15 million grant to Lao PDR will support the construction of lines to export power to Cambodia and build a transmission system that links Lao PDR, Cambodia and Thailand. This will help improve the supply of electricity to Saravan Province in the south of Lao PDR," the statement continued.
Ian Porter, World Bank country director for Cambodia and Laos, said the Strategy for World Bank Regional Support to the Mekong sub-region, of which the power trade program is one part, seeks to strengthen regional cooperation and integration so the region can benefit from the development of Southeast Asia's natural resources and rapidly growing economies.
"For the people of the Mekong region to benefit, they will need strong institutions, good policies and reliable infrastructure," Porter said, adding, "The World Bank will be working with the Asian Development Bank and other partners to provide technical assistance, analysis, capacity building and investments so that GMS countries can work together to attract investors and improve services for their people."
The statement said that in Cambodia, where the average person earns about $380 a year and more than a third of the population lives below the poverty line, very few people have access to electricity.
In the country's eastern Kampong Cham and Stung Treng provinces, where people have limited access to electricity, customers can pay up to $0.3 per kilowatt hour.
After the new transmission lines are built, tariffs in these provinces are expected to drop to about $0.10-0.15 per kwh, it said.
Laos is also one of the poorest countries in the region, with a per capita income of $460 a year.
But the country is rich in water and mineral resources. and through a strategy to develop hydropower for export to neighboring countries, close to 50 percent of the people now have access to electricity and the country is earning foreign exchange from power exports.
The GMS Power Project in Cambodia is expected to be completed by August 2011 and the Lao project by 2013.
Currently, Cambodia does not have the infrastructure to generate enough power to meet galloping demand that has been rising 15 to 20 percent annually, according to the Ministry of Mines and Energy.
"People living in Cambodia's poorest provinces, who currently pay among the highest tariffs for electricity in the world, will see their power bills drop dramatically as a result of grants approved today by the International Development Association," the World Bank said in a statement released in Phnom Penh.
The grants are part of the World Bank's Greater Mekong Sub-region Power Trade Program that links Thailand, Cambodia, Laos and Vietnam in the project.
"A grant of $18.5 million to the Kingdom of Cambodia will be used to construct cross-border transmission lines to neighboring Lao PDR (People's Democratic Republic) and Vietnam," it said.
"Another $15 million grant to Lao PDR will support the construction of lines to export power to Cambodia and build a transmission system that links Lao PDR, Cambodia and Thailand. This will help improve the supply of electricity to Saravan Province in the south of Lao PDR," the statement continued.
Ian Porter, World Bank country director for Cambodia and Laos, said the Strategy for World Bank Regional Support to the Mekong sub-region, of which the power trade program is one part, seeks to strengthen regional cooperation and integration so the region can benefit from the development of Southeast Asia's natural resources and rapidly growing economies.
"For the people of the Mekong region to benefit, they will need strong institutions, good policies and reliable infrastructure," Porter said, adding, "The World Bank will be working with the Asian Development Bank and other partners to provide technical assistance, analysis, capacity building and investments so that GMS countries can work together to attract investors and improve services for their people."
The statement said that in Cambodia, where the average person earns about $380 a year and more than a third of the population lives below the poverty line, very few people have access to electricity.
In the country's eastern Kampong Cham and Stung Treng provinces, where people have limited access to electricity, customers can pay up to $0.3 per kilowatt hour.
After the new transmission lines are built, tariffs in these provinces are expected to drop to about $0.10-0.15 per kwh, it said.
Laos is also one of the poorest countries in the region, with a per capita income of $460 a year.
But the country is rich in water and mineral resources. and through a strategy to develop hydropower for export to neighboring countries, close to 50 percent of the people now have access to electricity and the country is earning foreign exchange from power exports.
The GMS Power Project in Cambodia is expected to be completed by August 2011 and the Lao project by 2013.
Currently, Cambodia does not have the infrastructure to generate enough power to meet galloping demand that has been rising 15 to 20 percent annually, according to the Ministry of Mines and Energy.
Monday, April 30, 2007
China sells electricity to VN, VN turns around and sells electricity to Cambodia. Who makes the profit?
April 29, 2007
China to export 2.5 bln kwh of electricity to Vietnam this year
China to export 2.5 bln kwh of electricity to Vietnam this year
China will export 2.5 billion kilowatt-hours of electricity to Vietnam this year through a network of five power transmission lines, the China Southern Power Grid Company said on Sunday.
The company has enhanced the power transmission capacity to Vietnam by inaugurating a second 220-kilovolt line linking Wenshan in southwest China's Yunnan Province with Ha Giang in Vietnam, said Yuan Maozhen, president of the China Southern Power Grid Company.
"It will supply power to Vietnam for 10 years and will transmit an average 1 billion kwh of electricity a year," he said.
The Wenshan-Ha Giang power transmission line is 300 kilometers long, including 170 kilometers in China, and was built at a cost of 413 million yuan (53 million U.S. dollars).
The first 220-kilovolt power transmission line between China and Vietnam was inaugurated last September in Kunming, capital of Yunnan Province.
In addition, three 110-kilovolt lines have been in operation since September 2004 to supply electricity to Vietnam by way of Yunnan Province and Guangxi Zhuang Autonomous Region.
By the end of March, the four existing lines had transmitted 1.84 billion kilowatt hours, worth 80.76 million U.S. dollars to Vietnam, said Yuan.
Construction of the power transmission network is part of a 500 million U.S. dollar power supply contract signed in October 2005 between the China Southern Power Grid Company and the state-owned Electricity of Vietnam (EVN).
Under the contract, the Chinese company will supply electricity to six provinces in northern Vietnam for at least 10 years.
According to Yuan, his company has signed a memorandum of understanding with Laos and Cambodia on three hydropower projects with an installed capacity of 3.52 million kilowatts. It is also involved in the construction of generation and transmission facilities in Vietnam, Laos, Myanmar and other countries in the Mekong River valley.
Cross-border cooperation on the development and distribution of the rich hydropower resources of the Mekong river valley will contribute to the development and prosperity of the countries in the region, he said.
Source: Xinhua
The company has enhanced the power transmission capacity to Vietnam by inaugurating a second 220-kilovolt line linking Wenshan in southwest China's Yunnan Province with Ha Giang in Vietnam, said Yuan Maozhen, president of the China Southern Power Grid Company.
"It will supply power to Vietnam for 10 years and will transmit an average 1 billion kwh of electricity a year," he said.
The Wenshan-Ha Giang power transmission line is 300 kilometers long, including 170 kilometers in China, and was built at a cost of 413 million yuan (53 million U.S. dollars).
The first 220-kilovolt power transmission line between China and Vietnam was inaugurated last September in Kunming, capital of Yunnan Province.
In addition, three 110-kilovolt lines have been in operation since September 2004 to supply electricity to Vietnam by way of Yunnan Province and Guangxi Zhuang Autonomous Region.
By the end of March, the four existing lines had transmitted 1.84 billion kilowatt hours, worth 80.76 million U.S. dollars to Vietnam, said Yuan.
Construction of the power transmission network is part of a 500 million U.S. dollar power supply contract signed in October 2005 between the China Southern Power Grid Company and the state-owned Electricity of Vietnam (EVN).
Under the contract, the Chinese company will supply electricity to six provinces in northern Vietnam for at least 10 years.
According to Yuan, his company has signed a memorandum of understanding with Laos and Cambodia on three hydropower projects with an installed capacity of 3.52 million kilowatts. It is also involved in the construction of generation and transmission facilities in Vietnam, Laos, Myanmar and other countries in the Mekong River valley.
Cross-border cooperation on the development and distribution of the rich hydropower resources of the Mekong river valley will contribute to the development and prosperity of the countries in the region, he said.
Source: Xinhua
Saturday, February 17, 2007
China, Cambodia Sign Power Plant Agreement
Mony
VOA Khmer
Washington
16/02/2007
VOA Khmer
Washington
16/02/2007
Cambodia and China have agreed Friday to build a power plant, including a power system that supply electricity to Phnom Penh and other major provinces, to cut down high costs of energy prices.
At the meeting, the two sides agreed to buy and sell electric power generated by the 120 megawatts hydroelectric system.
The bilateral agreement signed by the Ministry of Industry, Mines and Energy along with Yunan Corporation's chairman Guo Xiao Yong, and South East Asia Yunan Company- hopes to provide the country with unlimited supply of power, at a cheaper rate.
At the meeting, the two sides agreed to buy and sell electric power generated by the 120 megawatts hydroelectric system.
The bilateral agreement signed by the Ministry of Industry, Mines and Energy along with Yunan Corporation's chairman Guo Xiao Yong, and South East Asia Yunan Company- hopes to provide the country with unlimited supply of power, at a cheaper rate.
Chinese companies sign agreements on building power projects in Cambodia
PHNOM PENH, Feb. 16 (Xinhua) -- Chinese companies here on Friday signed several agreements with Cambodian government officials on building a hydropower plant and an electricity transmission network for the kingdom.
The plant in Battambang province will cost 190 million U.S. dollars and can generate 465 million kilowatt-hour of electricity per year, said Deputy Prime Minister Sok An while addressing the ceremony.
The power transmission network will be constructed at the cost 113 million U.S. dollars to connect Phnom Penh, Kampong Chhnang, Pursat and Battambang, he said.
The Cambodian government adopts BOT pattern (build, operate and transfer) for both projects, he said.
They are expected to benefit the kingdom in the fields of energy production, flood prevention, employment expansion, and tax enhancement, he added.
China Yunnan Corporation for International Techno-Economic Cooperation and Yunnan Southeast-Asia Economy and Technology Investment Industrial Co., Ltd. undertake the construction and development of both projects.
Representatives from the two companies, the Cambodian Ministry of Mines and Energy, and the Electricity Authority of Cambodia signed the agreements in the presence of Sok An, Chinese Ambassador Zhang Jinfeng and other senior Cambodian government officials.
Currently, Cambodia does not have the infrastructure to generate enough electricity to meet the growing demand, which has been rising 15 percent to 20 percent per year, according to the Ministry of Mines and Energy.
The plant in Battambang province will cost 190 million U.S. dollars and can generate 465 million kilowatt-hour of electricity per year, said Deputy Prime Minister Sok An while addressing the ceremony.
The power transmission network will be constructed at the cost 113 million U.S. dollars to connect Phnom Penh, Kampong Chhnang, Pursat and Battambang, he said.
The Cambodian government adopts BOT pattern (build, operate and transfer) for both projects, he said.
They are expected to benefit the kingdom in the fields of energy production, flood prevention, employment expansion, and tax enhancement, he added.
China Yunnan Corporation for International Techno-Economic Cooperation and Yunnan Southeast-Asia Economy and Technology Investment Industrial Co., Ltd. undertake the construction and development of both projects.
Representatives from the two companies, the Cambodian Ministry of Mines and Energy, and the Electricity Authority of Cambodia signed the agreements in the presence of Sok An, Chinese Ambassador Zhang Jinfeng and other senior Cambodian government officials.
Currently, Cambodia does not have the infrastructure to generate enough electricity to meet the growing demand, which has been rising 15 percent to 20 percent per year, according to the Ministry of Mines and Energy.
Subscribe to:
Posts (Atom)
